Nasdaq-listed junket operator Iao Kun Group Holding Co. Ltd.’s move to diversify away from gambling is apparently paying-off.
Nasdaq-listed junket operator IKGH is dropping its current business name to officially mark its venture into the non-gaming sector.
A reshuffle of executives at IKGH is under way as the Macau casino junket investor completes the acquisition of a Chinese technology company.
Macau casino junket investor Iao Kun Group Holding Company (IKGH) is set to test the technology sector with its major acquisition of a Chinese-tech firm.
Macau junket Iao Kun Group Holding adds another $21.5m in bad VIP gambling debts to its Q2 figures, bringing total loss to $125.8m.
Iao Kun Group announce closure of yet another Macau VIP room, admit that deadline to arrange financing for Jeju Sun casino deal has lapsed.
Bloomberry Resorts publicly refutes Iao Kun Group Holding claims of having been given more time to close Jeju Sun casino acquisition.
Junket investor Iao Kun Group Holding says it's not dead yet, despite $104.4m net loss in Q2 and $40m in likely uncollectible VIP debts.
Galaxy Entertainment Group says it booted junket investor Iao Kun Group from VIP rooms, refuting junket's claims that exit was voluntary.
Macau junket investor Iao Kun Group closes two more VIP gaming rooms, leaving it with just two active rooms, and more cuts could follow.